New Fortress Energy Inc’s filing revealed that its Chief Executive Officer EDENS WESLEY R acquired Company’s shares for reported $50.0 million on Oct 01 ’24. In the deal valued at $8.63 per share,5,793,742 shares were bought. As a result of this transaction, EDENS WESLEY R now holds 35,721,915 shares worth roughly $399.01 million.
Deutsche Bank upgraded its New Fortress Energy Inc [NFE] rating to a Hold from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal-weight”. Deutsche Bank also remained covering NFE and has decreased its forecast on October 01, 2024 with a “Sell” recommendation from previously “Hold” rating. Deutsche Bank revised its rating on March 04, 2024. It rated NFE as “a Hold” which previously was an “a Buy”.
Price Performance Review of NFE
On Friday, New Fortress Energy Inc [NASDAQ:NFE] saw its stock fall -7.30% to $11.17. Over the last five days, the stock has lost -5.58%. New Fortress Energy Inc shares have fallen nearly -26.12% since the year began. Nevertheless, the stocks have fallen -65.04% over the past one year. While a 52-week high of $35.58 was reached on 01/17/25, a 52-week low of $7.82 was recorded on 02/21/25. SMA at 50 days reached $13.86, while 200 days put it at $15.27.
Levels Of Support And Resistance For NFE Stock
The 24-hour chart illustrates a support level at 10.79, which if violated will result in even more drops to 10.41. On the upside, there is a resistance level at 11.87. A further resistance level may holdings at 12.56. The Relative Strength Index (RSI) on the 14-day chart is 32.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.51%. Stochastics %K at 12.28% indicates the stock is a buying.
The most recent change occurred on December 19, 2023 when CapitalOne began covering the stock and recommended ‘”an Equal weight”‘ rating.
